micmac2 wrote: Tue Jul 03, 2018 12:55 am
Hey everyone been posting around around in forex factory just trying to get some insight. If im using a currency strength meter for m1 scalping what time frame should i use to find the strength and weakness? Should i just use the m1 time frame?
i think m1 timeframe is very fast timeframe to trade, as always markets are always fast to move and using m1 time frame makes the reaction time too fast to handle, before you can find strength market can hit you out, as like any blackswan event.
but there are some traders who likes m1 time frame, i do not know how many are making money on that time frame consistently, only god knows, one thing is sure their broker makes a lot of money.
may be some fast traders trading on m1 time frame here ,can suggest you better.or else it is a good idea to trade on higher time frames!